AMD stock

Advanced Micro Devices Inc., the second-largest maker of computer processors, gave a better-than-feared sales forecast for the first quarter as gains in the ...

AMD forecast revenue of $5 billion to $5.6 billion for the first quarter, with declines in client and gaming offset by gains in data-center and embedded sales, ...

[worse-than-feared quarterly report](https://www.marketwatch.com/story/intel-reports-quarterly-loss-forecasts-another-stock-drops-11674767834?mod=article_inline) arrived as the PC industry deals with [the worst shipment declines in recorded history](https://www.marketwatch.com/story/the-pc-industry-just-suffered-its-worst-decline-on-record-again-11673471910?mod=article_inline). Revenue rose to $5.6 billion from $4.83 billion in the year-ago quarter, with more than half of that coming from data-center and embedded sales. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period. [NVDA, +1.96%](/investing/stock/NVDA?mod=MW_story_quote)had all poured new models of gaming cards into the holiday channel at a time when [PC shipments were dropping at their steepest recorded rates](https://www.marketwatch.com/story/pc-sales-log-third-straight-quarter-of-declines-while-apple-reports-growth-11665425321?mod=article_inline&mod=article_inline&mod=article_inline)and a wave of [secondhand graphics-processing units, or GPUs, hit the market as unprofitable cryptocurrency-mining operations folded.](https://www.wsj.com/articles/bitcoin-mining-machines-for-sale-on-deep-discount-11667650411?mod=article_inline&mod=article_inline&mod=article_inline) Gaming sales fell 7% to $1.6 billion, while analysts were expecting $1.49 billion. “Going into second half, the normalization of client segment will help us to expand the gross margin,” Hu told analysts. [MRVL, +2.76%](/investing/stock/MRVL?mod=MW_story_quote) [on Jan. While PC inventory costs gutted Intel’s results, Su said AMD’s remaining inventory mostly lies in its data-center business, and that the second half of 2023 should be stronger for the segment than the first half. While that did not blow away Wall Street’s expectations — analysts had estimated earnings of 68 cents a share on revenue of $5.5 billion for the first quarter, according to FactSet — it did quell some fears that cropped up after Intel Corp.’s For the fourth quarter, AMD had forecast revenue of $5.2 billion to $5.8 billion, with its embedded and data-center segments “expected to grow,” with revenue of $23.2 billion to $23.8 billion for the year and gross margins of about 51%. Hu joined AMD from Marvell Technology Inc. [since the dot-com bust](https://www.marketwatch.com/story/intel-just-had-its-worst-year-since-the-dot-com-bust-and-it-wont-get-better-anytime-soon-11674784330?mod=home-page&mod=article_inline&mod=article_inline).

AMD stock has fallen by 30% over the last 12 months. Dreamstime. Advanced Micro Devices reported better-than-expected earnings for the December quarter, citing ...

Revenue came in at $5.6 billion, which was above analysts’ expectations of $5.51 billion. Advanced Micro Devices reported better-than-expected earnings for the December quarter, citing strength in its server processors and cloud computing segments. - Order Reprints

AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts to a 10% decline in ...

AMD's gaming business, which is comprised of graphics cards and chips for gaming consoles, was down 7% year-over-year. The global PC market is in a protracted slowdown, AMD said it expected $5.3 billion in sales in the current quarter, slightly lower than a Refinitiv estimate of $5.47 billion. AMD's data center segment rose 42% year-over-year to $1.7 billion. AMD's sales rose 44% in 2022. The stock rose over 2% in extended trading.

AMD's Data Center revenue surged 42% amid strong sales of EPYC server processor chip sales. The stock has rebounded solidly this year, with a 16% year-to-date- ...

Just imagine the results you would get if you had a full-time trader whispering what to buy and sell in your ear. ](https://www.benzinga.com/premium/ideas/bz-optionsurge-lp/?utm_source=camapignify-bottom&=utm_campaign=external) [Click Here to Get Immediate Access to His Next Trade Signals](https://www.benzinga.com/premium/ideas/bz-optionsurge-lp/?utm_source=camapignify-bottom&=utm_campaign=external)⭐⭐⭐⭐⭐ For the full year, AMD reported non-GAAP EPS of $3.50 per share and revenue of $23.6 billion, up 44% year-over-year. The segment recorded an operating loss of $152 million. Revenue came in at $14 billion, down 28% year-over-year and missing the consensus estimate of $14.45 billion. The stock is up 16% year-to-date, closing Tuesday’s regular session 3.73% higher at $75.15. [Can Market Sustain Upward Momentum In Tech-Heavy Earnings Week? This represents a one percentage point increase from the third-quarter figure of 50%. INTC reported last week with non-GAAP EPS of 10 cents, half as much as the Street forecast. Lisa Su, chair and CEO of AMD. It contributed $699 million to operating income. AMD's Key Q4 Numbers: Santa Clara, California-based AMD reported fourth-quarter non-GAAP earnings per share, or EPS, of 69 cents, above the consensus estimate of 67 cents per share.

While that did not blow away Wall Street's expectations -- analysts had estimated earnings of 68 cents a share on revenue of $5.5 billion for the first quarter, ...

AMD shares were crushed with a 55% price decline in 2022, while the PHLX Semiconductor Index dropped 35.8%, the S&P 500 index finished the year down 19.4%, and the tech-heavy Nasdaq Composite Index shed 33.1%. Revenue rose to $5.6 billion from $4.83 billion in the year-ago quarter. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period. While that did not blow away Wall Street's expectations -- analysts had estimated earnings of 68 cents a share on revenue of $5.5 billion for the first quarter, and $3.58 a share on revenue of $24.77 billion for the year, according to FactSet -- it did quell some fears that cropped up after disappointing Intel Corp. Su said three months ago that AMD would "certainly exit the year in a better place", after the company's outlook, which had been below Wall Street estimates at the time, included the cost of clearing out inventory. AMD forecast revenue of $5 billion to $5.6 billion for the first quarter, with declines in client and gaming offset by gains in data-center and embedded sales, and a gross margin of 50%.

AMD shares (AMD) rose 3% after hours, following a 3.7% gain in the regular session to close at $75.15. AMD forecast revenue of $5 billion to $5.6 billion for ...

AMD shares were crushed with a 55% price decline in 2022, while the PHLX Semiconductor Index dropped 35.8%, the S&P 500 index finished the year down 19.4%, and the tech-heavy Nasdaq Composite Index shed 33.1%. Revenue rose to $5.6 billion from $4.83 billion in the year-ago quarter. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 69 cents a share, compared with 92 cents a share in the year-ago period. Gaming sales fell 7% to $1.6 billion, while analysts were expecting $1.49 billion. AMD, Intel and Nvidia Corp. For the fourth quarter, AMD had forecast revenue of $5.2 billion to $5.8 billion, with its embedded and data-center segments "expected to grow," with revenue of $23.2 billion to $23.8 billion for the year and gross margins of about 51%.

The semiconductor company is taking market share from its rival in data centers, providing a tailwind despite declining chip demand elsewhere.

](https://www.barrons.com/market-data/stocks/intc) ](https://www.barrons.com/market-data/stocks/amd) [

Advanced Micro Devices shares are climbing after it reported a 98% fall in quarterly net profit and was unable to provide full-year guidance.

](https://www.barrons.com/market-data/stocks/intc) ](https://www.barrons.com/market-data/stocks/amd) [